FranFund Reviews 111

TrustScore 4.5 out of 5

4.7

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Rated 5 out of 5 stars

I used FranFund to structure my franchise launch through a ROBS rollover, and Laura Franklin made a genuinely complex process feel manageable. From the first conversation, she was direct about wha... See more

Company replied

Rated 5 out of 5 stars

Every person from the funding consultant to discuss options to the FranPlan specialist who walked me through and execute the process to the accounting specialist might have been the most superb and pl... See more

Rated 5 out of 5 stars

Becca Carlock is a consummate professional and a great partner to work with. Upon engagement, we discussed necessary steps and expected timelines. She followed through on every step, always communicat... See more

Rated 5 out of 5 stars

Tyra was the key to making our experience with Fran Fund smooth and helpful. There was a lot of detailed paperwork which was somewhat and daunting, she kept us calm and on point throughout the entire... See more

Company details

  1. Financial Institution

Written by the company

FranFund designs flexible, all-in-one funding plans that fit perfectly, no matter how rapidly your franchise or small business grows. Our most popular funding programs are SBA loans and 401(k) business funding, which allows you to use qualified retirement savings tax-free and penalty-free. By utilizing our franchise-specific pre-qualification tool and cultivating an extensive network of lenders who are franchise and small business friendly, clients pre-approved by FranFund have a success rate of 99%.


Contact info

4.7

Excellent

TrustScore 4.5 out of 5

111 reviews

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Rated 5 out of 5 stars

Exceeded my expectations

Kim Do was my plan administrative specialist, She was extremely personal with great attention to detail very flexible and professional. I totally enjoyed working with her as she made this whole process Super smooth and I was able to complete the process in a timely manner, she is a great asset to the organization and should be recognized for Great customer service.!!

3 October 2024
Rated 5 out of 5 stars

What more could you ask for?

They completed our ROBS quickly and were patient answering questions. We have contacted them with other questions since and found their customer service to be impeccable. The videos supplied were well made and clear. The binders were complete, well organized, and look forward to an ongoing relationship. We highly regard their expertise and will continue to appreciate it as long as they keep us out of IRS trouble. :0)

17 September 2024
Rated 5 out of 5 stars

Great experience through the ROBS process

FranFund made the process of setting up my corporation and getting it funded simple and straightforward. They were very thorough in their approach. Robin was awesome in her assistance. She was on top of things and helped me through every question or concern I had.

19 September 2024
Unprompted review
Rated 5 out of 5 stars

Thank you Becca

My advisor was terrific, was there to answer any questions I had, and went above and beyond for any issues. I will be referring to friends.

5 September 2024
Rated 5 out of 5 stars

Becca Carlock is a consummate…

Becca Carlock is a consummate professional and a great partner to work with. Upon engagement, we discussed necessary steps and expected timelines. She followed through on every step, always communicating clearly what was needed of me. Even when she became I'll, she continued to email me and enlist the help of a colleague to keep my file moving. Very impressed!

30 August 2024
Rated 1 out of 5 stars

Never would have been able to help

Went through the whole experience, did all the steps, just to be told, the franchise I was buying is not supported. Super frustrating.

I liked the communication and process otherwise, but I wasted time working with FF instead of someone who could actually help

28 August 2024
Rated 3 out of 5 stars

I really loved the attention and…

I really loved the attention and explanations given to us during the first call. However, once we had to submit paperwork we were kind of at a loss for a minute. Also, I wish there was a closing call where we could discuss options, if any, and what we should be working on moving forward to improve our situation.

25 July 2024
Rated 1 out of 5 stars

Fran Funds failed return guaranteed refund of $2000

Fran Funds failed to secure an SBA loan for me. that's not the problem but what is, Is When I asked for the guaranteed refund of $2000, when they are unable to acquire a loan for me, they claimed I had not disclosed information that was supposedly required. However, this information was not requested in the initial application and was included in the documents I provided before the loan was sent to lenders. While their reviews may look good, I advise others to be wary. and expect to do all the work for them to just get paid push your paperwork to lenders. without going thru, it to make sure all is well be for being sent.

24 July 2024
Unprompted review
FranFund logo

Reply from FranFund

We appreciate your feedback, Chris.

Our team strives to assist every client in securing funding and making the process as smooth as possible. Regarding the refund, our Engagement Agreement outlines specific obligations that must be met to qualify for the refund, including the need for complete and accurate information throughout the process and not taking action that negatively affects credit status.

We require our initial lending application to be completed prior to engaging our services, so we can accurately assess qualifications and ensure no negative surprises. The application asked for specific information which was unfortunately not disclosed and answered accurately. This impacted our ability to secure the loan later in the process, once new and differing information was discovered post-engagement.

These factors significantly affected your loan application. Despite these challenges, we explored all possible options to assist you, including proposing an additional guarantor and offering alternative loan solutions.

If you have any further concerns or would like to discuss this matter in more detail, please feel free to contact us directly.

Rated 5 out of 5 stars

My experience was amazing

My experience was amazing. Kim Do guided me very clearly and promptly through the process. I cannot begin to describe how easy she made everything and how much she helped me understand and walk through the process. My process was completed in a very timely manner and in a flawless way. Thank you!

22 July 2024
Rated 5 out of 5 stars

Becca Carlock made this the best…

Becca Carlock made this the best experience. She was super supportive and kept me focused throughout the entire process to get the company launched. In the most challenging moments, she became an advocate. I truly felt represented by her and that she had me and the company's best interest in mind.

10 July 2024

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